Post
Topic
Board Bitcoin Discussion
Re: Some common doubts about Bitcoin Paper wallet
by
Catmony
on 23/01/2017, 17:45:48 UTC
Bitcoin Paper wallet have any database ?
How it storing as offline ?
How transations working without a database ? (Sending & Recieving)
How it storing ?
Where it storing ?

I also dont know about checking Bitcoin Paper wallet Balance.
- No bitcoin address and private key is generated randomly and not taken out from any database.
- Actually record of bitcoin in any bitcoin address is stored in bitcoin blockchain (ledger) but the one who have private key can only move out that bitcoin.

- Paper wallet only contains private key which is key to take out bitcoin from that bitcoin address so you need to import that bitcoin address/private key to web wallet before you can send bitcoin out of that bitcoin address but to receive bitcoin you don't need to import it.